Sunday, July 17, 2011

How does a CD - certificate of deposit - work?

I have saved some monies and would like to open a CD but before I head to the bank and get trapped into something I would like a little info on them. Could anyone help me? I have about 1000 dollars and would like to have 12-24mo. in a CD. The more simple the CD the better. I'm mostly curious about how the interest works?

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